Top Consumer Stocks
Consumer stocks continue to post small gains, with shares of consumer staples companies in the S&P 500 Monday climbing almost 0.2% while shares of consumer discretionary firms in the S&P 500 also were ahead nearly 0.2% this afternoon.
Among consumer stocks moving on news:
(+) American Outdoor Brands ( AOBC ) was fractionally higher in late Monday trading after stating in a regulatory filing it won't "adopt elements of a gun control agenda" in order to demonstrate it understands and is taking appropriate actions to "mitigate the risks that accompany manufacturing firearms."
In other sector news:
(+) Avis Budget Group ( CAR ) sped to a 8% advance on Monday after Goldman Sachs upgraded its rating on the company's shares and a new regulatory filing showed mutual fund investor Vanguard Group added to its equity stake in the rental vehicle company during the final three months of 2018, acquiring another 273,572 Avis shares. Vanguard now owns more than 6.55 million of the company's stock, equal to 8.4% of its outstanding stock compared with 6.28 million shares previously.
(+) Restaurant Brands International ( QSR ) was posting a 2% gain this afternoon after the Burger King and Tim Horton's parent company reported non-GAAP Q4 net income of $0.68 per share, improving on a $0.66 per share adjusted profit during the year-ago period and topping the Capital IQ consensus by $0.01 per share.
(-) Lions Gate Entertainment (LGF.A,LGF.B) dropped 5% on Monday after the movie and television studio's latest release, "Cold Pursuit," came in third place during its first weekend in theaters, grossing about $10.8 million, according to Box Office Mojo.
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